Important update
    Changes to the Bank of England Base Rate

    The Bank of England decreased Base Rate from 4.50% to 4.25% on Thursday 8th May 2025. Following this announcement, we will be reviewing how this impacts our current savings interest rates and this may mean we need to change your variable interest rate if this is applicable to your product. If we do, we will be in touch to let you know and provide you with your options.

    Business Fixed Term Deposit

    A fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.

    At a glance

    What is the minimum deposit?

    £100,000.

    What is the maximum deposit?

    £5 million.

    Can Close Brothers Savings change the interest rate?

    No. Your rate is fixed, so it will stay the same for the entire term of your savings account. 

    How do I open and manage my account?

    To open an account please complete our enquiry form. To manage your account, simply call or write to us.

    Can I withdraw money?

    No. You can't take money out of a Fixed Term Deposit. 

    Can I put money in after my first deposit?

    No, we will only accept one single payment of funds into the account.

    If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.

    Contact us

    Additional information

    AER:

    AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.

    Gross PA:

    Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

    At a glance

    What is the minimum deposit?

    £100,000.

    What is the maximum deposit?

    £5 million.

    Can Close Brothers Savings change the interest rate?

    No. Your rate is fixed, so it will stay the same for the entire term of your savings account. 

    How do I open and manage my account?

    To open an account please complete our enquiry form. To manage your account, simply call or write to us.

    Can I withdraw money?

    No. You can't take money out of a Fixed Term Deposit. 

    Can I put money in after my first deposit?

    No, we will only accept one single payment of funds into the account.

    Why choose Close Brothers Savings?

    We're part of leading UK merchant banking group Close Brothers Group plc with over 145 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.

    Well rated

    A well rated bank with an A2 credit rating from Moody’s Investors Service (correct as at 27 March 2025) and a BBB+ rating from Fitch Ratings Ltd (correct as at 19 February 2025).

    Consistently competitive rates

    We are committed to regularly reviewing our savings products to ensure both new and existing customers are receiving fair and competitive pricing.

    Personalised service

    Our network of Business Development Managers deliver the highest levels of specialist service across a range of industries.

    FSCS logo

    Financial Services Compensation Scheme (FSCS)

    Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

    For further information, visit www.fscs.org.uk